The stock of InterGlobe Aviation, the parent company that owns IndiGo, has given stellar returns over the past few months.
Over the past year, the stock has soared 83 per cent on the BSE, while in the past six months, it has jumped 53 per cent. It hit a record high of 4,188.15 on May 3, 2024. By comparison, the benchmark S&P BSE Sensex has gained 20.4 per cent in a year, ACE Equity data shows. Given the run, analysts say the stock prices in most positives at the current levels and rule out any exceptional returns from here on. For Ambareesh Baliga, an independent market analyst, IndiGo stock is like Rahul Dravid dependable and consistent player.
"I expect IndiGo stock to be a steady performer from here on. While there are no reasons for IndiGo stock to come down, there are no reasons for this stock to move up sharply as well. There's nothing left to be discovered," Baliga said.
For the long haul
Analysts suggest long-term investors buy the stock at current levels and hold for stable returns as the airline's latest decision to add wide-body aircraft to its fleet will augment its competitive intensity in the industry.
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A life that lives beyond
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Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
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